Common use of Accounting Terms and Reports Clause in Contracts

Accounting Terms and Reports. All accounting terms not specifically defined in this Agreement shall be construed in accordance with Generally Accepted Accounting Principles consistently applied on the basis used by Borrower in prior years. All financial reports furnished by Borrower to Lender pursuant to this Agreement shall be prepared in such form and such detail as shall be satisfactory to Lender, shall be prepared on the same basis as those prepared by Borrower in prior years and shall be the same financial reports as those furnished to Borrower's officers and directors.

Appears in 1 contract

Samples: Loan and Security Agreement (King Pharmaceuticals Inc)

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Accounting Terms and Reports. All accounting terms not specifically defined in this Agreement shall be construed in accordance with Generally Accepted Accounting Principles consistently applied on the basis used by Borrower in prior years. All financial reports furnished by Borrower to Lender pursuant to this Agreement shall be prepared in such form and such detail as shall be reasonably satisfactory to Lender, shall be prepared on the same basis as those prepared by Borrower in prior years and shall be the same financial reports as those furnished to Borrower's officers and directors.

Appears in 1 contract

Samples: Revolving Credit Agreement (Nn Ball & Roller Inc)

Accounting Terms and Reports. All accounting terms not specifically ---------------------------- defined in this Credit Agreement shall be construed in accordance with Generally Accepted Accounting Principles generally accepted accounting principles consistently applied on the basis used by Borrower in prior years. All financial reports furnished by Borrower to Lender Bank pursuant to this Credit Agreement shall be prepared in such form and such detail as shall be reasonably satisfactory to LenderBank, shall be prepared on the same basis as those prepared by Borrower in prior years and shall be the same financial reports as those furnished to Borrower's officers and directors.

Appears in 1 contract

Samples: Credit Agreement (Data Return Corp)

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Accounting Terms and Reports. All accounting terms not specifically defined in this Loan Agreement shall be construed in accordance with Generally Accepted Accounting Principles consistently applied on the basis used by Borrower in prior years. All financial reports furnished by Borrower to Lender Bank pursuant to this Loan Agreement shall be prepared in such form and such detail as shall be reasonably satisfactory to LenderBank, and shall be prepared on the same basis as those prepared by Borrower in prior years and shall be the same financial reports as those furnished to Borrower's officers and directorsyears.

Appears in 1 contract

Samples: Loan Agreement (U S Global Investors Inc)

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